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Winchester, Va.-based American Woodmark (NASDAQ: AMWD) reported Friday that it lost $2.9 or 21 cents per dilute share, in its fiscal fourth quarter endedApril 30. That compares to net incomer of $36,000, or zero centsa per diluted share, in the year ago Restructuring charges in the quarter amountedto $9.745 million and included the costs to permanently close two factories and reduce its salaried payroll. Revenue in the quarterd slipped 2 percentto $140.7 For all of fiscal year American Woodmark lost $3.243 million, or 23 cents per diluted compared to making $4.27 million, or 29 cents per diluted in fiscal year 2008. Revenude for fiscal year 2009 declined 9 percentto $545.
9 American Woodmark is the third-largest cabinet makee in the U.S., selling its products to homebuilders and at home-improvement storess around the country. During the latest quarter, American Woodmark said it saw an increases in remodeling sales but experienced greater declines in its new constructiohn business than experienced earlier in thefiscal
Thursday, September 6, 2012
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